BENTLEY SYSTEMS INC-CLASS B (BSY) Stock Fundamental Analysis
USA - NASDAQ:BSY - US08265T2087 - Common Stock
40.82 USD
-0.72 (-1.73%)
Overall BSY gets a fundamental rating of 5 out of 10. We evaluated BSY against 281 industry peers in the Software industry. BSY has an excellent profitability rating, but there are concerns on its financial health. BSY has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
BSY had positive earnings in the past year.
BSY had a positive operating cash flow in the past year.
In the past 5 years BSY has always been profitable.
BSY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of BSY (7.77%) is better than 79.36% of its industry peers.
BSY has a Return On Equity of 22.53%. This is amongst the best in the industry. BSY outperforms 88.97% of its industry peers.
Looking at the Return On Invested Capital, with a value of 10.86%, BSY belongs to the top of the industry, outperforming 85.05% of the companies in the same industry.
BSY had an Average Return On Invested Capital over the past 3 years of 8.00%. This is below the industry average of 12.08%.
The 3 year average ROIC (8.00%) for BSY is below the current ROIC(10.86%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.77% | ||
| ROE | 22.53% | ||
| ROIC | 10.86% |
ROA(3y)7.42%
ROA(5y)7.4%
ROE(3y)30.01%
ROE(5y)29.96%
ROIC(3y)8%
ROIC(5y)10.54%
1.3 Margins
BSY has a better Profit Margin (18.44%) than 81.49% of its industry peers.
BSY's Profit Margin has improved in the last couple of years.
BSY has a better Operating Margin (24.23%) than 89.68% of its industry peers.
In the last couple of years the Operating Margin of BSY has grown nicely.
BSY's Gross Margin of 81.20% is amongst the best of the industry. BSY outperforms 85.41% of its industry peers.
In the last couple of years the Gross Margin of BSY has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.23% | ||
| PM (TTM) | 18.44% | ||
| GM | 81.2% |
OM growth 3Y5.52%
OM growth 5Y3.69%
PM growth 3Y21.55%
PM growth 5Y4.39%
GM growth 3Y1.43%
GM growth 5Y0.13%
2. Health
2.1 Basic Checks
BSY has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
BSY has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, BSY has more shares outstanding
Compared to 1 year ago, BSY has an improved debt to assets ratio.
2.2 Solvency
BSY has an Altman-Z score of 3.97. This indicates that BSY is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of BSY (3.97) is better than 66.90% of its industry peers.
BSY has a debt to FCF ratio of 2.71. This is a good value and a sign of high solvency as BSY would need 2.71 years to pay back of all of its debts.
BSY has a better Debt to FCF ratio (2.71) than 65.84% of its industry peers.
BSY has a Debt/Equity ratio of 1.04. This is a high value indicating a heavy dependency on external financing.
BSY's Debt to Equity ratio of 1.04 is on the low side compared to the rest of the industry. BSY is outperformed by 76.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 2.71 | ||
| Altman-Z | 3.97 |
ROIC/WACC1.03
WACC10.57%
2.3 Liquidity
A Current Ratio of 0.61 indicates that BSY may have some problems paying its short term obligations.
BSY has a worse Current ratio (0.61) than 90.04% of its industry peers.
A Quick Ratio of 0.61 indicates that BSY may have some problems paying its short term obligations.
BSY has a worse Quick ratio (0.61) than 90.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
BSY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.49%, which is quite good.
Measured over the past years, BSY shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.41% on average per year.
BSY shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.12%.
Measured over the past years, BSY shows a quite strong growth in Revenue. The Revenue has been growing by 12.93% on average per year.
EPS 1Y (TTM)8.49%
EPS 3Y8.4%
EPS 5Y12.41%
EPS Q2Q%12.5%
Revenue 1Y (TTM)11.12%
Revenue growth 3Y11.93%
Revenue growth 5Y12.93%
Sales Q2Q%12.05%
3.2 Future
The Earnings Per Share is expected to grow by 14.99% on average over the next years. This is quite good.
BSY is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.16% yearly.
EPS Next Y13.62%
EPS Next 2Y12.64%
EPS Next 3Y13.4%
EPS Next 5Y14.99%
Revenue Next Year10.02%
Revenue Next 2Y10.2%
Revenue Next 3Y10.27%
Revenue Next 5Y9.16%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 35.50, which means the current valuation is very expensive for BSY.
BSY's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 25.46, BSY is valued a bit more expensive.
A Price/Forward Earnings ratio of 30.07 indicates a quite expensive valuation of BSY.
BSY's Price/Forward Earnings is on the same level as the industry average.
BSY's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 35.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.5 | ||
| Fwd PE | 30.07 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BSY is valued a bit cheaper than the industry average as 69.75% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BSY indicates a somewhat cheap valuation: BSY is cheaper than 72.95% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.94 | ||
| EV/EBITDA | 32.6 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BSY does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of BSY may justify a higher PE ratio.
BSY's earnings are expected to grow with 13.40% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.61
PEG (5Y)2.86
EPS Next 2Y12.64%
EPS Next 3Y13.4%
5. Dividend
5.1 Amount
BSY has a yearly dividend return of 0.65%, which is pretty low.
The stock price of BSY dropped by -25.31% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
BSY's Dividend Yield is rather good when compared to the industry average which is at 42.47. BSY pays more dividend than 89.32% of the companies in the same industry.
With a Dividend Yield of 0.65, BSY pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.65% |
5.2 History
BSY has been paying a dividend for over 5 years, so it has already some track record.
BSY has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years4
5.3 Sustainability
BSY pays out 30.41% of its income as dividend. This is a sustainable payout ratio.
DP30.41%
EPS Next 2Y12.64%
EPS Next 3Y13.4%
NASDAQ:BSY (11/19/2025, 2:58:03 PM)
40.82
-0.72 (-1.73%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners45.02%
Inst Owner Change4.06%
Ins Owners40.36%
Ins Owner Change-3.12%
Market Cap12.39B
Revenue(TTM)1.46B
Net Income(TTM)269.25M
Analysts77
Price Target60.38 (47.92%)
Short Float %5.98%
Short Ratio4.23
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.65% |
Yearly Dividend0.24
Dividend Growth(5Y)N/A
DP30.41%
Div Incr Years2
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.45%
Min EPS beat(2)-2.54%
Max EPS beat(2)11.45%
EPS beat(4)2
Avg EPS beat(4)4.67%
Min EPS beat(4)-4.04%
Max EPS beat(4)13.82%
EPS beat(8)5
Avg EPS beat(8)9.68%
EPS beat(12)9
Avg EPS beat(12)11.56%
EPS beat(16)13
Avg EPS beat(16)13.89%
Revenue beat(2)1
Avg Revenue beat(2)-0.11%
Min Revenue beat(2)-0.85%
Max Revenue beat(2)0.63%
Revenue beat(4)2
Avg Revenue beat(4)-0.34%
Min Revenue beat(4)-1.14%
Max Revenue beat(4)0.63%
Revenue beat(8)3
Avg Revenue beat(8)-0.85%
Revenue beat(12)6
Avg Revenue beat(12)-0.02%
Revenue beat(16)8
Avg Revenue beat(16)0.08%
PT rev (1m)-0.31%
PT rev (3m)7.87%
EPS NQ rev (1m)-1.21%
EPS NQ rev (3m)-1.64%
EPS NY rev (1m)-0.11%
EPS NY rev (3m)1.98%
Revenue NQ rev (1m)-2.91%
Revenue NQ rev (3m)-3.36%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.5 | ||
| Fwd PE | 30.07 | ||
| P/S | 8.49 | ||
| P/FCF | 26.94 | ||
| P/OCF | 25.9 | ||
| P/B | 10.37 | ||
| P/tB | N/A | ||
| EV/EBITDA | 32.6 |
EPS(TTM)1.15
EY2.82%
EPS(NY)1.36
Fwd EY3.33%
FCF(TTM)1.52
FCFY3.71%
OCF(TTM)1.58
OCFY3.86%
SpS4.81
BVpS3.94
TBVpS-4.6
PEG (NY)2.61
PEG (5Y)2.86
Graham Number10.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.77% | ||
| ROE | 22.53% | ||
| ROCE | 13.59% | ||
| ROIC | 10.86% | ||
| ROICexc | 11.6% | ||
| ROICexgc | N/A | ||
| OM | 24.23% | ||
| PM (TTM) | 18.44% | ||
| GM | 81.2% | ||
| FCFM | 31.52% |
ROA(3y)7.42%
ROA(5y)7.4%
ROE(3y)30.01%
ROE(5y)29.96%
ROIC(3y)8%
ROIC(5y)10.54%
ROICexc(3y)8.22%
ROICexc(5y)11.91%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)10%
ROCE(5y)13.18%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y4.29%
ROICexc growth 5Y-15.93%
OM growth 3Y5.52%
OM growth 5Y3.69%
PM growth 3Y21.55%
PM growth 5Y4.39%
GM growth 3Y1.43%
GM growth 5Y0.13%
F-Score8
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 2.71 | ||
| Debt/EBITDA | 2.97 | ||
| Cap/Depr | 27.71% | ||
| Cap/Sales | 1.26% | ||
| Interest Coverage | 32.41 | ||
| Cash Conversion | 113.9% | ||
| Profit Quality | 170.89% | ||
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | 3.97 |
F-Score8
WACC10.57%
ROIC/WACC1.03
Cap/Depr(3y)27.47%
Cap/Depr(5y)32.2%
Cap/Sales(3y)1.59%
Cap/Sales(5y)1.72%
Profit Quality(3y)148.6%
Profit Quality(5y)185.51%
High Growth Momentum
Growth
EPS 1Y (TTM)8.49%
EPS 3Y8.4%
EPS 5Y12.41%
EPS Q2Q%12.5%
EPS Next Y13.62%
EPS Next 2Y12.64%
EPS Next 3Y13.4%
EPS Next 5Y14.99%
Revenue 1Y (TTM)11.12%
Revenue growth 3Y11.93%
Revenue growth 5Y12.93%
Sales Q2Q%12.05%
Revenue Next Year10.02%
Revenue Next 2Y10.2%
Revenue Next 3Y10.27%
Revenue Next 5Y9.16%
EBIT growth 1Y22.88%
EBIT growth 3Y18.11%
EBIT growth 5Y17.09%
EBIT Next Year15.98%
EBIT Next 3Y15.8%
EBIT Next 5Y10.9%
FCF growth 1Y34.82%
FCF growth 3Y15.91%
FCF growth 5Y22.26%
OCF growth 1Y30.85%
OCF growth 3Y14.76%
OCF growth 5Y20.58%
BENTLEY SYSTEMS INC-CLASS B / BSY FAQ
Can you provide the ChartMill fundamental rating for BENTLEY SYSTEMS INC-CLASS B?
ChartMill assigns a fundamental rating of 5 / 10 to BSY.
What is the valuation status of BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
ChartMill assigns a valuation rating of 4 / 10 to BENTLEY SYSTEMS INC-CLASS B (BSY). This can be considered as Fairly Valued.
Can you provide the profitability details for BENTLEY SYSTEMS INC-CLASS B?
BENTLEY SYSTEMS INC-CLASS B (BSY) has a profitability rating of 8 / 10.
What is the earnings growth outlook for BENTLEY SYSTEMS INC-CLASS B?
The Earnings per Share (EPS) of BENTLEY SYSTEMS INC-CLASS B (BSY) is expected to grow by 13.62% in the next year.
How sustainable is the dividend of BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
The dividend rating of BENTLEY SYSTEMS INC-CLASS B (BSY) is 4 / 10 and the dividend payout ratio is 30.41%.